Unsurprisingly, EUR/GBP opened with a bullish gap today and continued rising towards target 0.7900 without even forming a retracement before that. The pair bounced off the resistance at 0.7900, but that is likely only temporary. I expect a further movement up towards the next resistance level at 0.7960.
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Forex, Markets, Macro Economic News Discussion.
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EUR/USD is trading lower today after the speech of FED's Yellen. Key remarks highlighted in her talk were the strengths of the US economy and the reason for such a low jobs report. She emphasized how traders and investors should not overreact to a single report. This appers to have worked, as the US dollar is stronger today.
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